IBM shares fall despite 11 per cent profit jump
January 19th, 2007
Shares of IBM Corp. fell nearly five per cent Friday even though the computer services giant generated healthy fourth-quarter profits as the company rode cost cuts and software acquisitions to boost its bottom line.IBM’s earnings report, released after the market closed Thursday, showed an 11 per cent gain in net profit, to US$3.54 billion, or [...]
Filed under: Business by lrenz
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